Wipro Overview
Wipro reported FY2026 IT services segment revenue of $10.478 billion, gross revenue of Rs 926.2 billion, and net income of $1.407 billion. Srini Pallia leads the Bengaluru-based company, which has over 230,000 employees. The latest result before this review was Q1 FY2027, when IT services revenue was $2.6145 billion and net income was $354.6 million.
How Wipro Makes Money
Wipro makes money from IT services, consulting, cloud migration, cybersecurity, engineering services, business process services, AI transformation, and long-term enterprise technology contracts. The company combines offshore and nearshore delivery with consulting and engineering expertise, and it is trying to shift more work toward AI-assisted outcomes rather than pure headcount growth.
Wipro Financials
Wipro reported FY2026 revenue of $10.478 billion in IT services segment revenue and $1.407 billion in net income. Wipro reported FY2026 IT services segment revenue of $10.478 billion, down 0.3% year over year, gross revenue of Rs 926.2 billion, and net income of $1.407 billion. Total bookings were $16.4 billion, including $7.8 billion of large-deal bookings. Q1 FY2027 IT services revenue was $2.6145 billion and net income was $354.6 million.
Competitive Position
Wipro competes with TCS, Infosys, HCLTech, Cognizant, Accenture, Capgemini, IBM Consulting, Deloitte, hyperscaler professional-services teams, and mid-tier digital engineering firms. Its defense is strongest in large, multi-year transformation programs where delivery scale and engineering depth matter; it is weakest where clients want ultra-specialized digital boutiques or direct hyperscaler implementation.
